Accountants and Landlords

Posted by Hannah Lapin on Sep 26, 2018 9:00:00 AM

Why Landlords Need Accountants

According to The Iceberg Report, the most comprehensive data available on the American Single-Family Rental Industry, there are 23 million households with 67 million souls living in SFR rental units. Behind all these rental units, there are landlords maintaining the properties, acquiring tenants, and managing finances, among many other property tasks. Needless to say, the industry is huge and professionals across fields—accountants, wealth advisors, attorneys, just to name a few-- can jump on this bandwagon and work with landlord clients. Here is a closer look at how surveyed landlords reported managing their bookkeeping and taxes:

How are landlords managing their day-to-day bookkeeping and accounting?

  • Self-Manage: 53%
  • Self-Manage with 3rd Party Help: 26%
  • Completely outsource: 19%
  • Other: 3%

How are landlords managing their taxes and annual accounting?

  • Self-Manage: 50%
  • Self-Manage with 3rd Party Help: 33%
  • Completely outsource: 12%
  • Other: 4%

Clearly, almost 50% of landlords seek help with their accounting and taxes. So the question becomes, how do you find them?  Our Real Estate Networking Page has ample resources on how to connect with investors. Are you an accountant and want insider information on this market? Check out our Partner Programs.

Check Out Our Partner Programs

Related: A Broker’s Guide to Networking with Real Estate Investors, Connect with Real Estate Investors in these 3 LinkedIn Groups

Topics: Accountants

Most Popular

Disclaimers: Please note that our blog contains affiliate links, and at no additional cost to you, Visio Lending will earn a commission if you decide to make a purchase after clicking through the link. As an Amazon Associate, I earn from qualifying purchases. Please understand that we have experience with all of the companies we recommend, and choose to refer our borrowers and partners because they are helpful and useful, not because of the small commissions we make. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

 

The information in this blog has been prepared solely for informational purposes. The contents are based upon or derived form information generally believed to be reliable although Visio accepts no liability with regard to the user's reliance on it. For legal advice, please contact your counsel.